National Securities Depository Limited

Public

—N/Ahttps://nsdl.co.in

Last Round

IPO Announced

Aug 6, 2025

Est. Valuation

$1.93B

Total Funding Raised

$483.33M

Company Overview

National Securities Depository Limited (NSDL) is India's first and largest central securities depository, established in August 1996. Headquartered in Mumbai, it provides the infrastructure for holding and settling securities in dematerialized (electronic) form within the Indian capital market. NSDL's core services include the dematerialization and rematerialization of securities, facilitating trade settlements, and maintaining demat accounts for investors. By offering these services through a network of Depository Participants, NSDL aims to enhance the efficiency, minimize risk, and reduce costs associated with securities transactions, thereby eliminating issues like bad delivery and delays inherent in paper-based systems. The company went public with an IPO in August 2025 and is listed on the BSE. It plays a crucial role in the nation's financial market infrastructure, serving investors, stock brokers, custodians, and issuer companies.

AI Layer

Non-AI

Keywords

Indian central securities depositorysecurities dematerialization serviceelectronic securities settlementDemat account infrastructureIndian capital market infrastructurecorporate action processingKYC Registration Agency (KRA)securities pledging and hypothecation servicee-voting services for securitiesfee-based securities custodyNSDL Payments Bankforeign investment monitoring

National Securities Depository Limited Comps

Public and private peers based on sector, stage, and business model.

National Securities Depository Limited comps — public and private peers by sector, stage, and business model
Company	Status	Est. Valuation	Rev Multiple
OpenAI	Private	$86.0B	~40x
Cohere	Private	$5.0B	--
Competitor 1	Public	$XX.XB	XXx
Competitor 2	Public	$XX.XB	XXx

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National Securities Depository Limited Funding Rounds

Historical fundraising activity

Data table
Round	Date	Amount Raised	Valuation	Investors	Sources
IPO Announced	Aug 6, 2025
Private Equity	Feb 16, 2023

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National Securities Depository Limited Investors

Notable investors and investment history

National Securities Depository Limited investors
Investor	Rounds
JM Financial	IPO
WhiteOak Capital	IPO
HSBC Securities & Capital Markets (India) Pvt.Ltd.	IPO
Ambit Wealth	Private Equity
Amundi Funds	IPO
Aditya Birla Sun Life Mutual Fund	IPO
SBI Mutual Fund	IPO

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National Securities Depository Limited Filings

SEC and related filings with document metadata.

Data table
Typed	Date	Amount Offered	Amount Sold	Filling	Pages	Download
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National Securities Depository Limited Filings

SEC and related filings with document metadata.

Firmographic Details

Headquarters—

Year Founded1996

Last FundingAug 6, 2025

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